Funding secured: $2.2 million seed round for EmploymentÂ's aggressive recruitment expansion through WorkTorch

In an ambitious move, WorkTorch, a startup co-founded by Deborah Gladney, has secured $2.2 million in seed funding led by Tenzing Capital. The company, formerly known as QuickHire, was rebranded as part of its evolution to focus on employee recruitment and retention.

Launched in April 2021, WorkTorch hopes to become the foremost company to serve everyone seeking career direction. The platform currently has over 40,000 service industry applicants seeking employment and coordinates 1,000 interviews per month.

The evolving working conditions in the United States, coupled with the significant attention HR platforms have been receiving from investors, despite "The Great Resignation," have contributed to WorkTorch's attractiveness to investors. In January and February 2022 alone, the HR sector received over $1.4 billion in investment. In 2021, the sector secured a staggering $12.3 billion.

Employers using the WorkTorch platform will have access to new retention tools to monitor regional and national data trends and gather feedback about working conditions from employees. This focus on employee wellbeing and career development sets WorkTorch apart in the market.

Leslie Feinzaig, founder of Graham & Walker, was impressed by WorkTorch's understanding and respect for service workers. Feinzaig found it striking that the WorkTorch team deeply values service workers, a rarity in startup pitches. Josh Oeding, founder of Tenzing Capital, commends the vision of WorkTorch, believing employers need better tools to meet workforce needs and service-industry professionals need opportunities for career development.

The cofounders, Deborah Gladney and Angela Muhwezi-Hall, describe the evolution of WorkTorch as an 18-month process driven by the changing relationship between employers and employees. The evolution will provide users with a career development portal to monitor their professional growth and connect with like-minded applicants.

Gladney explains that WorkTorch empowers people to pursue their passions and helps them get there. The company's goal is to serve as the foremost company for career direction. However, the exact location of the company WorkTorch is not provided in the available search results.

This article was originally published by TechCrunch on November 7, 2022, and can be found at this link: TechCrunch Article

Funding secured: $2.2 million seed round for EmploymentÂ's aggressive recruitment expansion through WorkTorch